American Homes Acquires Rental Portfolio from Ellington Management

American Homes 4 Rent, the largest publicly traded investor in single-family rental homes, has acquired a pool of properties from a subsidiary of Michael Vranos' Ellington Management Group, in what could be a sign of further consolidation in the industry.

The company agreed to pay $126 million for some 900 homes scattered across six states, Arizona, Colorado, Georgia, North Carolina, Tennessee and Texas, it said on Wednesday. The pricing amounts to around $140,000 paid per property.

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